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that is on the tax rate. president obama had initially wanted, earning and, above $250,000 for year. now they may be raising the threshold to 500,000. that kind of thing was more difficult for democrats, so we threw in an estate tax rate, which makes the deal more difficult. we will see. a bit of a standoff, democrats called it a setback. mitch mcconnell said that he reached out to joe biden and called joe biden and ask him to broker something. to take stock of where things are at. >> some sort of legislation in the senate could also be taken up by the house. what is the timetable for getting these things done? >> there's always a look at the time table. the house has a rule that requires legislation to be posted within three days. that said, it is difficult for americans to think of there is still time. the tax rates do not expire until tomorrow. even if you can get the machinery running, it still takes the desire to come to an agreement. >> what about coming in on the weekend and covering something like this? how difficult is this to follow? >> a long walk through the capital. this is the holid
for a possible plan on taxes and spending. president obama was on "meet the press of" today saying the pressure is on congress to make a deal. he was optimistic, but he said that they cannot come to an agreement, he wants the senate majority leader to introduce legislation to make sure middle class taxes stay where they are. live coverage of the senate on c-span2 when the gavel in. the house out to woodcock with the boats as early as 6:00 looking at a number of legislation from veterans to foreign aid. you can watch the house live here on c-span. >> republican olympia snowe from maine is also retiring at the end of the 112th congress after three terms. next, her farewell address. it is about 35 minutes. >> i rise today with an infinite appreciation for the institution of the united states senate as well as a profound sense of gratitude. as i prepared to conclude my 18 years in the senate and my nearly 40 years in elected office on behalf of the people of maine. madam president, it has been difficult to envision the day when i would be saying farewell to the senate. just as it was impossible to
tax. more american energy means more american jobs. energy projects in the united states we have held back by federal obstacle of all kinds. the keystone xl pipeline has been hanging in the balance because president obama has been unwilling to move forward on what should have been an easy decision. republicans hope to work across the aisle to solve these other challenges facing america. in the next few days leaders have important responsibilities to work together to do just that. unless congress and the president act immediately, every american will be forced to pay for the largest tax hike in our nation's history on january the first. the federal government and defense workers will undergo across the board budgetary cuts. these are the cuts that president obama promised during the campaign would never take effect. we can do this in a much smarter way. economists have continually warned that going over the fiscal cliff will lead to a devastating job losses at a time when american families and small business owners are still struggling to get back on their feet. non-partisan cbo says e
Search Results 0 to 2 of about 3